60-40 = 60%-40%. Sorry, but that isn't the same as 75-50.
When you mix the pickups you are setting two things: the ratio of the 2 signals and the volume.
With VVT, if you set them at 100/100, the ratio is 1:1 and volume is max. If you set them to 50/50, the ratio is still 1:1 but you just reduced the volume to half. Is you set them 10/10, it is still 1:1 but volume is at 10%. (ignoring the taper effects etc).
So with VBT, you set the balance to 1:1, and control the volume with the V knob.
You can do the same with any ratio between 0:1 to 1:0. For VVT you do it by setting the volumes of the pickups separately. With VBT you set the balance and put the volume where you want it.
So yes, you can achieve the same mix of 75-50 with VBT. You set the ratio to 60:40 and adjust the Volume to put it where you want.
In fact, there is nothing you can do with either setup that can't be done by the other. Now there are circuit differences and the sound could be slightly different between them, but with both setups you can set the Ratio and the Volume. What is very hard to do with VVT is to maintain the Ratio while changing the volume.